NORTH FORT WORTH - Hanover Property Co. has bought an almost 360-acre tract with plans to build a $300 million development called Berkshire. Construction on the property, which is located near Blue Mound Rd. and Hwy. 287, will start almost immediately.

Berkshire is planned for about 750 single-family homes that will start in price at more than $200,000. The new community will include a resort-style community center, a trail system, five-acre pond and green space.

“A lot of young families are looking for high quality homes in the Northwest Independent School District and Berkshire will be a wonderful community for them to grow roots,” said Hanover Executive Vice President Ben Luedtke.

Building lots in the first phase will be ready in early 2015. Builders in the project will include Highland Homes, American Legend Homes, Ashton Homes and K. Hovnanian Homes.